QRG Capital Management Inc. Buys 17,955 Shares of Corning Incorporated $GLW

QRG Capital Management Inc. boosted its stake in Corning Incorporated (NYSE:GLW) by 15.9% during the second quarter, Holdings Channel reports. The institutional investor owned 130,887 shares of the electronics maker’s stock after buying an additional 17,955 shares during the period. QRG Capital Management Inc.’s holdings in Corning were worth $33,432,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GLW. Herbst Group LLC acquired a new stake in Corning during the 2nd quarter worth approximately $4,474,000. Principal Financial Group Inc. grew its holdings in Corning by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock valued at $121,483,000 after buying an additional 10,591 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in Corning by 36.2% in the 1st quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock valued at $12,567,000 after buying an additional 24,589 shares in the last quarter. Atlas Wealth LLC increased its position in Corning by 137.8% during the 1st quarter. Atlas Wealth LLC now owns 12,076 shares of the electronics maker’s stock worth $1,642,000 after buying an additional 6,998 shares during the period. Finally, Silverlake Wealth Management LLC bought a new position in Corning during the 2nd quarter worth $1,872,000. 69.80% of the stock is owned by institutional investors.

Trending Headlines about Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning is positioned to benefit from accelerating AI-related demand for optical fiber and connectivity. Analysts argue that data-center expansion, rising bandwidth requirements and the company’s specialized fiber products could justify its premium valuation. Corning: The AI Fiber Demand Makes The Premium Worth Paying
• Positive Sentiment: Meta’s planned Petal subsea cable linking the United States and France highlights the scale of future optical-network investment and reinforces Corning’s role as a supplier to AI-driven bandwidth infrastructure. Meta Platforms’ Petal Cable Puts Corning at the Center of AI’s Bandwidth Boom
• Positive Sentiment: Corning, Qualcomm and Lumentum are preparing a high-density optical die-to-die interconnect demonstration for ECOC 2026. The technology targets AI data centers requiring greater bandwidth, lower latency and improved power efficiency, potentially expanding Corning’s addressable market. Corning To Show High Density Optical Chip Links At ECOC 2026
• Neutral Sentiment: The broader AI-optics trade is showing signs of investor selectivity: Lumentum rose sharply while Corning’s performance was comparatively muted. This suggests investors may be demanding clearer evidence that Corning’s AI exposure will translate into near-term earnings growth. Lumentum Jumped Nearly 10% While Corning Barely Moved
• Negative Sentiment: Pomerantz LLP is investigating potential claims on behalf of Corning investors. The announcement does not establish wrongdoing, but it creates a legal and headline overhang that can pressure the stock and increase short-term volatility. Pomerantz Investor Alert

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reissued an “outperform” rating on shares of Corning in a research report on Tuesday, September 15th. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. dropped their price objective on shares of Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Citigroup cut their price objective on shares of Corning from $240.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Finally, Bank of America increased their target price on shares of Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $176.50.

Insider Activity

In related news, EVP Lewis Steverson sold 13,100 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the completion of the transaction, the executive vice president directly owned 15,052 shares in the company, valued at $2,277,217.08. This represents a 46.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

Corning Price Performance

NYSE:GLW traded down $5.36 during trading hours on Wednesday, hitting $154.33. The company’s stock had a trading volume of 5,520,424 shares, compared to its average volume of 12,376,643. Corning Incorporated has a twelve month low of $77.05 and a twelve month high of $271.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24. The stock has a fifty day simple moving average of $153.20 and a 200-day simple moving average of $166.28. The company has a market capitalization of $132.94 billion, a P/E ratio of 70.47, a PEG ratio of 2.03 and a beta of 1.16.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, analysts anticipate that Corning Incorporated will post 3.28 EPS for the current fiscal year.

Corning Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company that develops specialty glass, ceramics and optical fiber products. Founded in 1851 and headquartered in Corning, New York, the company combines expertise in glass science, ceramics science, optical physics and manufacturing to serve communications, consumer electronics, automotive, life sciences and other industrial markets.

Corning’s products include optical fiber, cable and hardware used in telecommunications networks; cover glass and other components for mobile devices, laptops and other electronics; display glass for televisions and computer monitors; emissions-control products for automobiles and trucks; laboratory vessels and equipment; and specialty glass and ceramic products for industrial, semiconductor and aerospace applications.

The company serves customers worldwide through manufacturing, research and commercial operations across North America, Europe and Asia.